AM Best Withdraws Credit Ratings of Generali Deutschland Versicherung AG, Generali Deutschland Krankenversicherung, COSMOS Versicherung AG and COSMOS Lebensversicherungs-AG
01 Agosto 2024 - 11:55AM
Business Wire
AM Best has affirmed the Financial Strength Rating of A
(Excellent) and the Long-Term Issuer Credit Ratings of “a+”
(Excellent) of Generali Deutschland Versicherung AG, Generali
Deutschland Krankenversicherung, COSMOS Versicherung AG and COSMOS
Lebensversicherungs-AG (Germany), all subsidiaries of Assicurazioni
Generali S.p.A. (Generali) (Italy). The outlook of these Credit
Ratings (ratings) is stable. Concurrently, AM Best has withdrawn
these ratings as the entities have requested to no longer
participate in AM Best’s interactive rating process.
The ratings reflect Generali’s balance sheet strength, which AM
Best assesses as strong, as well as its strong operating
performance, very favourable business profile and appropriate
enterprise risk management. The ratings factor in the strategic
importance of these entities to Generali.
This press release relates to Credit Ratings that have been
published on AM Best’s website. For all rating information relating
to the release and pertinent disclosures, including details of the
office responsible for issuing each of the individual ratings
referenced in this release, please see AM Best’s Recent
Rating Activity web page. For additional information
regarding the use and limitations of Credit Rating opinions, please
view Guide to Best’s Credit Ratings. For information
on the proper use of Best’s Credit Ratings, Best’s Performance
Assessments, Best’s Preliminary Credit Assessments and AM Best
press releases, please view Guide to Proper Use of Best’s
Ratings & Assessments.
AM Best is a global credit rating agency, news publisher and
data analytics provider specialising in the insurance industry.
Headquartered in the United States, the company does business in
over 100 countries with regional offices in London, Amsterdam,
Dubai, Hong Kong, Singapore and Mexico City. For more information,
visit www.ambest.com.
Copyright © 2024 by A.M. Best Rating
Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240801442033/en/
Jose Berenguer, CFA Associate Director, Analytics
+31 20 808 2276 jose.berenguer@ambest.com Christopher
Sharkey Associate Director, Public Relations +1 908
882 2310 christopher.sharkey@ambest.com Dr. Angela Yeo
Senior Director, Analytics +31 20 808 1712
angela.yeo@ambest.com Al Slavin Senior Public Relations
Specialist +1 908 882 2318 al.slavin@ambest.com